Who else loves monthly dividend stocks? As regular readers know, I love dividend stocks. The infrequent payments, though, are less than ideal for those of us dependent on our portfolio income. Matching quarterly distributions with monthly bills is kind of a hassle. Thankfully, some people have figured this out. Today, a growing number of companies are paying dividends on a more frequent basis, in contrast to a typical quarterly schedule in the form of monthly dividend stocks. It’s easy to see why companies are switching over. Monthly dividend stocks gain a loyal shareholder base, while investors, meanwhile, are better able to match their income with expenses—a real win-win for everybody.
Unfortunately, well-known names are rare in this group. Many of them are ex-income trusts that converted into corporations. However, there’s enough quality here to build a reliable stream of monthly income. Here are three top monthly dividend stocks to get you started. Realty Income Corp (NYSE:O) owns one of the country’s largest property empires, with over 76 million square feet of real estate across the United States. Prospect Capital Corporation (NASDAQ:PSEC) is the closest you can get to investing in a private equity. Inter Pipeline Ltd (OTCMKTS:IPPLF) is the best income investment you’ve never heard of.